Micro-Mechanics releases 2Q11 results on Saturday, 29 Jan 11. (link
Last time same period, they gave an interim dividend of 1 cent. Looking forward to their results.
[Added the following at 13:07, 27 Jan 11]
Extracted the following from last quarters statement release.
"While the beginning of 2Q11 is typically a busy period, we expect growth to slow during the later part of the quarter as chip production for the year-end holiday season winds down."
"we believe chip manufacturing will continue to expand in China over the long term. To ensure we have sufficient floor space to smoothly expand our operations in China over the next several years, we have commenced plans to outfit a larger factory building in Suzhou."
Let's see if gross profits and accounts receivables keep up for the quarter. Also expect the ~$2.6 mil worth of expenses for outfitting the factory.
Custom Machining and Assembly (CMA)
"In September, our plant in the USA recorded its first monthly profit since our CMA operations there began two years ago (after acquiring the assets of AMP3 LLC). With sales of nearly S$1 million and a profit of about S$50k in September, we are starting to realise the results of our hard work and are optimistic of the possibilities for building a successful CMA division."
Let's see if the CMA division continues to pay off.
There are tons of other interesting bits in the last quarter report. Looking at past ARs also reveal a company that is in a pretty niche segment of the industry. Management is also competent and been in the business for a long time.
I'm guessing many investors don't like this company because of its illiquidity and the fact that it is in the semi-con industry which is cyclical.